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Wednesday, 17 February 21
STRANDED ASSETS A LONG-TERM RISK FOR MAJOR FOSSIL FUEL EXPORTERS - FITCH RATINGS
 Fossil exporters face a loss of GDP, government revenue and export receipts from the transition to a lower-carbon economy over the coming decades. For the most-exposed sovereigns and those that do not adequately prepare for it, climate change stranded-asset risk is likely to lead to rating downgrades as the effects become clearer, closer and more material, Fitch Ratings says in "Climate Change 'Stranded Assets' Are a Long-Term Risk for Some Sovereigns" report.
The report further noted, the extent and speed of the decline in demand for fossil fuels is uncertain. Excess potential global supply will weigh on prices, potentially compounding the loss from lower volumes. Coal will face a faster and fuller loss of market than oil and particularly gas. High-cost producers will be squeezed out first. Sovereigns with strong balance sheets and potential to diversify their economies are better-placed. Political instability and rising financing costs could amplify challenges.
Under a plausible scenario, the transition would be a similar shock to oil revenue as occurred in 2013-2016 and again in 2018-2020. During this period two oil exporters defaulted and a further three were downgraded by at least four notches. Being much slower, it would give sovereigns more capacity to adjust, but it would be permanent. A simulation on Fitch's Sovereign Rating Model suggests it could lead to a fall in the SRM output by around one rating notch by 2040 and two to three notches by 2050 for a major oil exporter, Fitch Ratings says in its new report.
Ratings typically place more weight on current developments and we will be more circumspect in taking forward-looking rating actions the more distant and uncertain are future events, said Fitch Ratings.
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Monday, 08 March 21
MARCH 2021 INDONESIA COAL PRICE REFERENCE SETTLES LOWER
COALspot.com: The Indonesia coal price reference for March 2021 settles at US$ 84.49 per ton FOB vessel.
The Indonesia coal pr ...
Saturday, 06 March 21
AUSTRALIAN COAL: SOME WEAKNESS COULD MATERIALIZE AFTER THE WINTER - ING
Newcastle coal prices remain well supported for now, however as we move out of the winter months we would expect prices to come under pressure. Mea ...
Saturday, 06 March 21
ASIA SEABORNE COAL PRICES START TO RETREAT, CHINA-AUSTRALIA DISPUTE LINGERS - REUTERS
There are signs that the price and demand surge for coal during the recent colder-than-expected winter across North Asia is starting to ease, even ...
Thursday, 04 March 21
HEAD OF JBIC SAYS THE JAPANESE BANK WILL NOT FUND NEW COAL PLANT DEVELOPMENT - NHK NEWS
The governor of the Japan Bank for International Cooperation has said that the government-owned financial institution will stop funding new coal-fi ...
Wednesday, 03 March 21
MARKET INSIGHT - INTERMODAL
Following the recent rally to multi year highs of metal-based commodities, amid an unprecedented global economic stimulus, discussions of an emergi ...
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- Pipit Mutiara Jaya. PT, Indonesia
- Chamber of Mines of South Africa
- Star Paper Mills Limited - India
- Savvy Resources Ltd - HongKong
- GAC Shipping (India) Pvt Ltd
- Eastern Coal Council - USA
- Siam City Cement PLC, Thailand
- Semirara Mining Corp, Philippines
- Merrill Lynch Commodities Europe
- OPG Power Generation Pvt Ltd - India
- Eastern Energy - Thailand
- TeaM Sual Corporation - Philippines
- Kumho Petrochemical, South Korea
- Makarim & Taira - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Mintek Dendrill Indonesia
- Meenaskhi Energy Private Limited - India
- Chettinad Cement Corporation Ltd - India
- CIMB Investment Bank - Malaysia
- Romanian Commodities Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- ICICI Bank Limited - India
- Aboitiz Power Corporation - Philippines
- The University of Queensland
- The State Trading Corporation of India Ltd
- Sojitz Corporation - Japan
- Kobexindo Tractors - Indoneisa
- Bukit Makmur.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Price Waterhouse Coopers - Russia
- Ambuja Cements Ltd - India
- Dalmia Cement Bharat India
- Vijayanagar Sugar Pvt Ltd - India
- ASAPP Information Group - India
- Ministry of Transport, Egypt
- Heidelberg Cement - Germany
- Karbindo Abesyapradhi - Indoneisa
- Oldendorff Carriers - Singapore
- Ministry of Mines - Canada
- Bangladesh Power Developement Board
- Edison Trading Spa - Italy
- Jorong Barutama Greston.PT - Indonesia
- Agrawal Coal Company - India
- Minerals Council of Australia
- Borneo Indobara - Indonesia
- Iligan Light & Power Inc, Philippines
- White Energy Company Limited
- Madhucon Powers Ltd - India
- Formosa Plastics Group - Taiwan
- Grasim Industreis Ltd - India
- Bulk Trading Sa - Switzerland
- Goldman Sachs - Singapore
- Simpson Spence & Young - Indonesia
- Marubeni Corporation - India
- GMR Energy Limited - India
- Bhoruka Overseas - Indonesia
- Indian Energy Exchange, India
- Global Coal Blending Company Limited - Australia
- Rio Tinto Coal - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Baiduri Energy - Indonesia
- Port Waratah Coal Services - Australia
- Africa Commodities Group - South Africa
- MS Steel International - UAE
- Gujarat Electricity Regulatory Commission - India
- Mjunction Services Limited - India
- Maheswari Brothers Coal Limited - India
- Alfred C Toepfer International GmbH - Germany
- Malabar Cements Ltd - India
- Jindal Steel & Power Ltd - India
- Sakthi Sugars Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Orica Mining Services - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thiess Contractors Indonesia
- Carbofer General Trading SA - India
- Trasteel International SA, Italy
- Attock Cement Pakistan Limited
- Indika Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- South Luzon Thermal Energy Corporation
- Posco Energy - South Korea
- Salva Resources Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Holcim Trading Pte Ltd - Singapore
- Medco Energi Mining Internasional
- Planning Commission, India
- London Commodity Brokers - England
- LBH Netherlands Bv - Netherlands
- Vedanta Resources Plc - India
- Straits Asia Resources Limited - Singapore
- Energy Link Ltd, New Zealand
- Miang Besar Coal Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Indogreen Group - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Timah Investasi Mineral - Indoneisa
- McConnell Dowell - Australia
- Gujarat Mineral Development Corp Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Energy Development Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Uttam Galva Steels Limited - India
- Metalloyd Limited - United Kingdom
- Siam City Cement - Thailand
- Tamil Nadu electricity Board
- Billiton Holdings Pty Ltd - Australia
- Anglo American - United Kingdom
- Leighton Contractors Pty Ltd - Australia
- Ind-Barath Power Infra Limited - India
- The Treasury - Australian Government
- Sical Logistics Limited - India
- GVK Power & Infra Limited - India
- Economic Council, Georgia
- SMG Consultants - Indonesia
- Krishnapatnam Port Company Ltd. - India
- San Jose City I Power Corp, Philippines
- Essar Steel Hazira Ltd - India
- Electricity Authority, New Zealand
- Commonwealth Bank - Australia
- Mercuria Energy - Indonesia
- New Zealand Coal & Carbon
- Indian Oil Corporation Limited
- Tata Chemicals Ltd - India
- Bhatia International Limited - India
- Power Finance Corporation Ltd., India
- IEA Clean Coal Centre - UK
- Australian Commodity Traders Exchange
- Georgia Ports Authority, United States
- Bhushan Steel Limited - India
- Vizag Seaport Private Limited - India
- Parry Sugars Refinery, India
- Orica Australia Pty. Ltd.
- Videocon Industries ltd - India
- Kepco SPC Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Karaikal Port Pvt Ltd - India
- Petron Corporation, Philippines
- Antam Resourcindo - Indonesia
- Coalindo Energy - Indonesia
- Riau Bara Harum - Indonesia
- Toyota Tsusho Corporation, Japan
- Renaissance Capital - South Africa
- Latin American Coal - Colombia
- Parliament of New Zealand
- Thai Mozambique Logistica
- Interocean Group of Companies - India
- Gujarat Sidhee Cement - India
- Altura Mining Limited, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Globalindo Alam Lestari - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Aditya Birla Group - India
- Directorate Of Revenue Intelligence - India
- GN Power Mariveles Coal Plant, Philippines
- Kalimantan Lumbung Energi - Indonesia
- CNBM International Corporation - China
- Jaiprakash Power Ventures ltd
- Kohat Cement Company Ltd. - Pakistan
- Sarangani Energy Corporation, Philippines
- Meralco Power Generation, Philippines
- Ceylon Electricity Board - Sri Lanka
- PTC India Limited - India
- Deloitte Consulting - India
- Central Electricity Authority - India
- India Bulls Power Limited - India
- Wood Mackenzie - Singapore
- SMC Global Power, Philippines
- Indonesian Coal Mining Association
- Barasentosa Lestari - Indonesia
- Standard Chartered Bank - UAE
- Larsen & Toubro Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Baramulti Group, Indonesia
- Kaltim Prima Coal - Indonesia
- Ministry of Finance - Indonesia
- Therma Luzon, Inc, Philippines
- Global Business Power Corporation, Philippines
- Cement Manufacturers Association - India
- Binh Thuan Hamico - Vietnam
- Neyveli Lignite Corporation Ltd, - India
- Bharathi Cement Corporation - India
- VISA Power Limited - India
- Independent Power Producers Association of India
- PowerSource Philippines DevCo
- Maharashtra Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- Singapore Mercantile Exchange
- Central Java Power - Indonesia
- Coal and Oil Company - UAE
- SN Aboitiz Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Banpu Public Company Limited - Thailand
- Samtan Co., Ltd - South Korea
- Kideco Jaya Agung - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Xindia Steels Limited - India
- Mercator Lines Limited - India
- Directorate General of MIneral and Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- Wilmar Investment Holdings
- Lanco Infratech Ltd - India
- Australian Coal Association
- Indo Tambangraya Megah - Indonesia
- Sree Jayajothi Cements Limited - India
- Sindya Power Generating Company Private Ltd
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